Northwestern Bank (IA)
LOCATIONS
2
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HEALTH RATING
A
View health report
CURRENT TOP RATE
3.50% APY
Preferred Rewards Checking
View all rates
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 3.50% | Reward Checking | |
| 0.50% | Savings | 2.00% - Ally Bank Online Savings Account |
| 0.75% | Money Market | 2.00% - Ally Bank Online Savings Account |
Overview / Commentary
Northwestern Bank (IA) is headquartered in Orange City and is the 96th largest bank in the state of Iowa. It is also the 2,740th largest bank in the nation. It was established in 1882 and as of September of 2018, it had grown to 24 employees at 2 locations. Northwestern Bank (IA)'s money market rates are 70% higher than the national average, and it has an A health rating.
Health
A
Data as of Q3 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 13411 |
| Year Established | 1882 |
| Employees | 24 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.05% |
| Return on Equity - YTD | 14.55% |
| Annual Interest Income | $6.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $217.0MM$210.2MM |
| Loans | Q3 2018vs Q3 2017 | $172.4MM$172.4MM |
| Deposits | Q3 2018vs Q3 2017 | $180.9MM$173.1MM |
| Equity Capital | Q3 2018vs Q3 2017 | $32.4MM$31.0MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $3.6MM$3.7MM |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $2.3MM$228.00K |
| Real Estate Owned | Q3 2018vs Q3 2017 | $0$0 |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Northwestern Bank (IA) Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | - | - | Personal Statement Savings | |
| 0.40% | - | - | Variable IRA |
Northwestern Bank (IA) Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.75%* | $100k* | - | Money Market Gold | ||
| OTHER TIERS: 0.50% → Up to $25k | 0.55% → $25k - $50k | 0.60% → $50k - $100k | |||||
Northwestern Bank (IA) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.50%* | - | $25k | Preferred Rewards Checking | ||
| OTHER TIERS: 0.10% → $25k+ | |||||
Locations
| Northwestern Bank (IA) Locations | ||
|---|---|---|
| Northwestern Bank | 122 Central Avenue NW | Orange City, IA 51041 |
| Sheldon Branch | 934 Third Avenue | Sheldon, IA 51201 |